$85 MILLION HOUSING PROJECT
BARCLAY MOVES FORWARD
SEPTEMBER 29, 2016 | BISNOW
Telesis Corp’s $85M transformation of vacant and dilapidated housing in the area between the Station North Arts and Entertainment District and Charles Village includes a mix of affordable and market-rate housing. Barclay will add a new multifamily, mixed-use development with 57 units that will begin leasing by the end of the year, says Telesis Baltimore director Catherine Stokes.
The third phase of North Barclay Green (rendering) will include one-, two- and three-bedroom units, with rents between $700 and $900/month. Built with federal tax credits, renters must earn 60% less than the area median income. Telesis is also negotiating with a yoga studio and café as part of the space. The developer may add some arts programming to the mix.